Estonia-based Cardano Metaverse startup raises $420,000

TALLINN, ESTONIA, April 18, 2022 (GLOBE NEWSWIRE) — Cardalonia, a Blockchain strategy game is one of the first Metaverse projects to launch on the Cardano blockchain. Players can create, own and customize their own experiences on the Cardano Blockchain.

A metaverse is a network of 3D virtual worlds focused on social connection, facilitated through the use of virtual and augmented reality headsets and Blockchain assets that would ensure the scarcity and immutability of game assets.

“We are on a mission to develop a creator-friendly and interactive platform that will surpass already existing metaverse giants like Decentraland and Sandbox that are built on the Ethereum blockchain,” said Vasil AirCTO and one of the founders of the project.

A survey of Variety Intelligence Platform found that over 50% of US consumers are aware of the growth in technology.

Cardalonia is unique because it has been carefully designed and engineered from the ground up and using the low fees and power consumption of the Cardano blockchain protocol.

Cardalonia announced that it raised $420,000,000 in pre-seed funding in January from angel investors. Cardalonia envisions creating a creator-centric platform owned by creators, developers, and a growing community of metaverse players. More than 8 investors, including blockchain players led by Hedgespur Capital, participated in the round.

This pre-seed fundraiser will help the company launch the project, build strategic partnerships, onboard more developers, and attract more enthusiasts to the Metaverse space.

Kitikat Metaventures, an angel investment firm talking about the pre-seed cycle, said, “Cardalonia has a strong metaverse game to win a concept that would be self-sustaining while rewarding creators and at the same time driving demand for the all of Cardalonia’s assets. .”

Talking about Cardalonia in an interview, Piyanut Wonglakhonan advisor from Startup Metaverse said “We believe in the outlook of the universe and it’s already evident as we’ve seen big brands jump into new technology”.

The Cardalonia ecosystem will be powered by Cardano, a 3rd generation point-of-sale blockchain that has seen huge upgrades in recent days despite the token price down more than 50% from its historic peak in November.

Cardalonia roadmap

Cardalonia has currently rolled out its native in-game currency, the $Lonia Token as it prepares for launch and stock exchange listing in August 2022.

The Lonia token will be the central utility token/currency of the Cardalonia metaverse and will be used to purchase land, Join a clan and Create tools to mine in-game resources to win a blockchain game.

The Estonian company divides the development and roadmap of the public sale into several stages, starting with the seed sale which will be launched at the end of April.

Lonia token holders can purchase Cardalonia land using their Lonia tokens.

Cardalonia is still in the very early stages of development as the development team was able to prototype clans (playable avatars at game launch)

Cardalonia will be a fully functional DAO where decisions will be made by $Lonia token holders who would vote and decide the future of Cardalonia.

About Cardalonia

Cardalonia is a virtual world where players can create, own and customize their own experiences on the Cardano Blockchain.

Unlock creativity in the metaverse as you can earn, craft, socialize, play, trade, and more based on the P2E concept, meaning players will be able to explore it while earning and spending money in the game, called Lonia tokens.

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Estonia-based Cardano Metaverse startup raises $420,000

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